By John Worth & Savannah Delullo, Via Nareit Commercial real estate fundamentals continue to point to strong performance in the retail, multifamily, and industrial sectors with vacancy rates mostly declining on a year-over-year and quarter-to-quarter basis, robust rent growth, and positive excess demand. While there has been improvement in the office sector, the impact of […]
By Richard Rubin via The Wall Street Journal Rettig says abusive syndicated conservation easement transactions persist despite stepped-up enforcement WASHINGTON—Internal Revenue Service Commissioner Charles Rettig sought congressional help Tuesday in stopping land-rights deals that the government views as abusive transactions. Mr. Rettig said so-called syndicated conservation easements have continued despite years of stepped-up IRS enforcement that now […]
By Ben Unglesbee via Retail Dive Dive Brief: The share of small retail businesses that couldn’t make rent rose to 34% in April, up six percentage points from February, according to survey data from Alignable. Those surveyed cited inflation, including gas price spikes, supply chain issues, labor shortages, reduced revenues and increasing rent. Of those […]
Via The New York Times U.S. added 428,000 jobs in April as the labor market remained vibrant. April produced another solid month of job growth, the Labor Department reported Friday, reflecting the economy’s resilient rebound from the pandemic’s devastation. U.S. employers added 428,000 jobs, the department said, the same as the revised figure for March. […]
By Jon Worth and Nicole Funari via Nareit The Bureau of Labor Statistics’ March Job Openings and Labor Turnover (JOLTs) report highlights the health of the labor market. March marked 23 straight months with hires greater than separations and the March JOLTs report showed private job openings are in excess of 10.5 million, the […]
By Christopher Condon via Bloomberg News (Bloomberg) — Treasury Secretary Janet Yellen said she expects solid growth in the coming year, with a possible “soft landing” for the economy as the Federal Reserve moves to bring down inflation. “I do believe we’re going to see solid growth in the coming year,” Yellen said in an […]
by Jenn Elliot / via WealthManagement.com Retail properties of all types, from grocery-anchored centers to enclosed super regional malls, have experienced a burst of leasing activity over the past 12 to 18 months. And even the most pessimistic real estate experts contend that the deal flow reflects the retail industry’s recovery. Preliminary data for the […]
Inflation and tight job markets are forcing the hands of central banks to end an era of ultra-low interest rates. The results will be profound. by Justin Lahart / via The Wall Street Journal Warren Buffett has compared interest rates to gravity. That is an especially useful way to think about them right now. For […]
by Bryan Mena / via the Wall Street Journal The U.S. economy grew at a modest to moderate pace from mid-January through early February as the Omicron variant of Covid-19 disrupted businesses and held back consumer spending, the Federal Reserve said Wednesday. The Fed’s periodic compilation of business anecdotes from around the country, known as the Beige […]
via wealthmanagement.com / by Jenn Elliot Mortgage bankers and lenders across the U.S. want real estate owners to know one very important fact: debt is widely available for retail properties after a couple of years of being hard to come by. “People are still trying to figure out if there’s debt for retail properties,” says Tom Melody, […]
